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Best ways to make a money transfer to Dem. Rep. of Congo?
So what are the best ways to make a money transfer in the Dem. Rep. of Congo short for DRC?
There exists a large network of companies that offer remittance services. These companies cater to both local and international markets offering receiving and sending services.
Types of options to send money to Dem. Rep. of Congo?
Remittance services, cash pick up remain the popular modes of transferring money in and out of DRC. Inside Congo, mobile money transfers also known as electronic money is also becoming popular for domestic transfers.
For any foreign investor that has legal establishment in the Dem Rep of Congo they can remit money through parallel market.
Restrictions on receiving and sending money to Dem. Rep. of Congo?
For travellers going to Congo there is a limit of $10,000 that a person can bring with them and any payment over $10,000 has to take place in the banking system.
Any transfers that are made in relation to investments have no restrictions on the amount of money. Changes in exchange regulations will increase the time period that foreigners in the country get from 30 presently to 60 days to send and receive money related to investments.
process to send money to Dem. Rep. of Congo?
Sending money to Democratic republic of Congo is a simple process.
Transfer from Dem. Rep. of Congo to UK?
Brief economic trend of Dem. Rep. of Congo?
According to Banque Centrale du Congo which is the central bank of Congo, CDF devalued by 0.32% to the USD between Dec 2014 - 2015. The currency has come under some pressure in 2016 with inflation rate rising to 1.57 from a previous 1.04 percent. GDRC continues to keep a strict fiscal policy through steady exchange rates hand in hand with low inflation. All recent economic signs are pointing towards slowly increasing inflation and a depreciating CDF.
Main Banks in Dem Rep of Congo?
Some of the main banks are Access Bank, dba Banque PrivÃ©e Du Congo (BPC), Afriland First Bank, Advans Bank, Banque Commerciale du Congo, BGFIBank DRC, La caisse centrale de coopération économique and Citibank.